ECONOMY

Strategic investment projects approved

Strategic investment projects approved

The Interministerial Committee for Strategic Investments approved two new strategic investments on Thursday, one of which is characterized as an “Flagship Investment of Exceptional Importance,” a designation granted for the first time after the passing of the relevant law.

The first Flagship Investment of Exceptional Importance concerns the construction of a solar power plant and energy storage and green hydrogen conversion units of the Bluesky300 IKE investment body, with a budget of 226.4 million euros.

It concerns the construction, installation and operation of a 200-megawatt capacity solar power plant, a 100-MW capacity energy storage unit with lithium batteries, as well as the installation of a 50 MW capacity unit for conversion to green hydrogen through electrolysis.

A 200 MW photovoltaic park will be developed within the same area, consisting of a cluster of individual parks as well as energy storage facilities in a 100 MW lithium-ion battery array and green hydrogen production with a capacity of 16 tons per day.

This investment will create 442 jobs during construction and 24 during operation.

The second investment concerns the construction and development of a hotel unit on Mykonos by investment entity Kortia SA, with a budget of €61 million.

It is a tourism complex with five-star hotel accommodation, a capacity of 178 beds and four tourism residences, plus spa, restaurants, bars etc, as well as recreational and sports facilities in the Ilia area.

The investment will create 550 jobs.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.